Data Management Insight Blogs The latest content from across the platform
Building Trust in AI: An Imperative for Widespread Adoption
By Anshuman Prasad, Global Head of Risk Analytics, CRISIL. As large language models (LLMs) continue to surprise there is a clamour to adopt AI in a more meaningful fashion across the financial services sector, where machine learning was previously accessible only in rarefied tech or quant circles. From algorithmic trading to predictive analytics and chatbots,…
DTCC Pulls Out of LEI Issuance with Closure of GMEI Utility – Bloomberg and LSE Expected Beneficiaries
DTCC has closed its Global Markets Entity Identifier (GMEI) utility and will no longer issue Legal Entity Identifiers (LEIs) as a Local Operating Unit (LOU) in the Global LEI System. In a notice to GMEI clients, DTCC said the utility, operated by DTCC subsidiary and accredited LOU Business Entity Data B.V., terminated all its LEI…
DSB Adds Option to Use Alternative Underlier Ids to Search for or Create UPIs
The Derivatives Service Bureau (DSB) continues to prepare for the production launch of the Unique Product Identifier (UPI) on 16 October 2023 with an option for users of the UPI User Acceptance Test (UAT) environment to search for and create UPIs using a range of alternative underlier IDs. The alternative underlier ID feature allows firms…
INQDATA and KX Partnership Helps FIs Extract Maximum Value from Data at Speed
INQDATA, a data science company specialising in the curation, cleansing, mapping, and hydration of data for financial institutions, has partnered KX, provider of the kdb+ Data Timehouse and the KDB.AI vector database, to deliver streamlined data processing, drive informed decision making, and identify new opportunities. The INQDATA platform, powered by kdb+ , addresses issues associated…
Sumitomo Mitsui Trust Asset Management Selects Bloomberg Data Solution for SFDR Compliance
Sumitomo Mitsui Trust Asset Management has adopted Bloomberg’s data solution dedicated to helping firms meet the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The asset manager is one of the largest in Japan and Asia, a signatory of both Japan’s Stewardship Code and Principles for Responsible Investment, and is actively pursuing initiatives to address ESG…
CUSIP Global Services Releases Unique Entity Identifier for Syndicated Corporate Loan Market
CUSIP Global Services has released a unique entity identifier for the $5 trillion syndicated corporate loan market. The CUSIP Entity Identifier (CEI) is a unique 10-character code assigned to each legal entity holding corporate loans and was developed in collaboration with the Loan Syndications and Trading Association (LSTA) and Versana. The identifier provides transparency into…
Walking the Tightrope of Increasing Regulatory Data Collection Initiatives
By Kelly Attrill, Strategy and Advisory Practice Head, Lab49. In a digital world where the volume, velocity and granularity of data continues to increase, there is even more potential to leverage the data created. In the financial services industry, firms have recognized the power of data for oversight, compliance and policy development. Regulators across financial…
KX and DataArt Partner to Drive Performance of Cloud-Based Data Management, ML and AI
KX, maker of the KDB.AI vector database, and DataArt, a global software engineering firm, have made a strategic partnership to help customers master the challenges of migrating real-time analytics, machine learning (ML), and artificial intelligence (AI) workloads to the AWS cloud. The companies say their alliance offers a solution for firms looking to upgrade their…
India’s NJ Asset Management Selects Bloomberg Solutions for Enterprise-wide Digital Strategy
NJ Asset Management, one of India’s newest asset management companies, has adopted Bloomberg AIM and Bloomberg Vault to enable its enterprise-wide digital strategy across the investment workflow. The company is data driven and follows a rule-based fund management style to reduce human bias. Bloomberg AIM, an order and investment management solution, will be used with…
ECB Launches Consultation on Guide Urging Banks to Improve Risk Data Aggregation and Reporting
The European Central Bank (ECB) has launched a public consultation covering its Guide on Effective Risk Data Aggregation and Risk Reporting, noting that ‘adequate capabilities in this area are still the exception, and banks have to improve their risk data aggregation frameworks, also in light of the BCBS principles’. Ultimately, banks are expected to step up…